Shifting specialty drug administration away from hospital settings could reduce expenses by $4 billion annually, according to a new report from United Health Group.
United Health found that administering specialty drugs in independent physician offices and patient homes, instead of hospital outpatient settings, could save insurers between $16,000 to $37,000 per privately insured patient annually.
“Compared to independent physician offices, hospitals charge more for specialty drugs and their administration, whether treatment occurs in a hospital or in a hospital-owned physician practice,” the report states.
Changing the location where multiple sclerosis drugs are administered could provide the greatest reduction in costs, according to the report.
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United Health found that hospitals charge an average of $20,965 to administer a multiple sclerosis drug, compared to physician offices which charges $11,619 and at-home care providers which charge $10,849.
The study was based on utilization and cost data of United Health’s members receiving hospital-administered specialty drugs.
Date: September 10, 2019
Source: Becker’s Hospital Review